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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Weak Downtrend (-65) - USDGTQ is showing signs of a strengthening downtrend. Monitor USDGTQ as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDGTQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGTQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDGTQ
The long-term trend has been DOWN since Nov 14th, 2023 at 7.790188
The intermediate-term trend has been DOWN since May 2nd, 2024 at 7.755171
The short-term trend has been UP since May 7th, 2024 at 7.770251
Smart Scan Analysis for USDGTQ
Based on our trend formula, USDGTQ is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.770822 | 7.784632 | 7.770822 | 7.784632 | +0.013810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.774329 | 2024-05-07 21:05:08 |
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